SDRL - Result of the mandatory offer for all outstanding shares in AOD

HAMILTON, BERMUDA--(Marketwire - Dec 11, 2012) - Reference is made to Seadrill Limited's
("Seadrill") mandatory offer to purchase all of the shares in Asia Offshore
Ltd.
("AOD") at NOK 28.71 per share which expired on Monday, December 10, 2012
(the
"Offer").

Seadrill has received acceptances of the Offer totalling 83,520 shares.
This
will, together with the shares already owned by Seadrill in AOD, take
Seadrill's
total holding of AOD shares to 26,463,050, representing approximately 66.16
percent of all of the issued shares in AOD.

Seadrill hereby announces that it will perform settlement of the Offer on
the
forthcoming Monday, December 17, 2012. As such, all AOD shareholders having
accepted the Offer should have the funds available on their respective bank
accounts shortly thereafter.

This information is subject of the disclosure requirements pursuant to
section
5-12 of the Norwegian Securities Trading Act.

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(i) the releases contained herein are protected by copyright and
other applicable laws; and

(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.